Models of Sustainable Development

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Sylvie Faucheux, David Pearce, John L. R. Proops
Edward Elgar, Jan 1, 1996 - Business & Economics - 365 pages
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' . . . readers who are interested in learing more about formal approaches to the notion of sustainable development will find some material here that is of interest.'
- Amitrajeet A. Batabyal, Kyklos
In this new book a wide range of approaches to modelling sustainable development is examined, including neoclassical, evolutionary, ecological economics and neo-Ricardian models. Recognizing that the application of sustainable development requires the reorientation of economic analysis on several fundamental points, a distinguished group of authors re-examines such key issues as intra- and intergenerational equity, the treatment of the very long term, the irreversibility of ecological change, fundamental uncertainty and system complexity, and processes of technological change. The achievements and limitations of different models of sustainable development are explored, with particular reference to their value in support of decision-making.
Researchers and graduate students in environmental economics will welcome this volume's rigorous approach to environmental sustainability as well as its consideration of a wide range of different modelling approaches and, in particular, the assumptions which sustain them.

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Contents

Sustainability versus
21
A Renewable Natural Resource Reproduction Competitive
37
Intergenerational Equity Fiscal Policy and Environmental
58
Copyright

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